Yes I believe so because if it didn't IKEA would have had it some time back.
To give you some idea about how big IKEA is..
a) the owner is the unconfirmed wealthiest man ever (ever including adjustment for inflation) but doesn't release his income. Its been estimated at times between 50 and 100 billion dollars. No one actually knows.
In 2004 CNN reported he was worth about 53 billion dollars. source
b) the ikea catalog has more copies in print than the bible. Yes thats a true statement.. MORE THAN THE BIBLESTART READING THE THREAD BEFORE POSTING REPOSTS OF MY INFORMATION<---- post ten in this thread

I didn't repost your information, you posted about Microsoft.

Hey, did you know Microsoft at one point was worth $800+ billion dollars?

The latter legend was incorporated into a Daily Mail article about [Alan] Turing that I was reading.

Quote:

[...] just two weeks before his 42nd birthday, the softly-spoken genius killed himself by taking a bite out of an apple that he had dipped in cyanide.

Some believe his bizarre death is commemorated to this day in the logo used by Apple on its electronic goods—so significant was his contribution to the genesis of the computer.

Quote:

I bought a bunch of apples, put them in a bowl and drew them for a week or so to simplify the shape. The bite is about scale and the common experience of biting into an apple. It was a happy accident that ‘byte’ is a computer term, and there’s no truth to ‘biting from the fruit of knowledge’ symbolism myths!

The definition of inflation is the percent increase on an annual basis. If gold increases 10,000% over 100 years, that's not 10,000% inflation. If I put money in the bank now and get 8% interest on it, it'll double in perhaps 10 years - that doesn't mean it's 200% inflation when it doubles.
From Investopedia:

Quote:

Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase

Read more: http://www.investopedia.com/university/inflation/inflation1.asp#ixzz1mUIbJgdt
So lets take 8500% increase over 80 years. Plug that into my witchcraft calculator and tell me what the inflation rate for that is.
Hint: Sometime increasing 85-fold over 80 years would be 100% inflation if it didn't compound. But, it compounds, and as such, it's actually under 6% inflation. I'll use the barbaric ballpark method, maybe you'll be more convinced. http://www.wolframalpha.com/input/?i=1.06^85 6% inflation over 85 years would lead to a 141-fold (14,100%) increase, over those 85 years. Still 6% inflation.

There are no errors in my math. There are however lots of errors in yours.

If $20 = 100% then $40 = 200%. Are you with me here, or have I lost you yet? I am going to go with larger numbers this time, so please try to keep up, and use a claculator if you are confused.

If $20 = 100% then $200= 1,000%. I know those were some pretty large numbers and I hope you were able to keep up. Prepare yourself for the really big numbers this time.

If $20 = 100% then $2,000 =10,000%. There, now you know how to calculate percentages. Feel free to post mounds of garbage using false data and GIGO methodolgy if you want though.

P.S.> Do you work for the criminals who are stealing the value from our currency, or do you have a serious case of Stockholm Syndrom and stick up for them because of that?

There are no errors in my math. There are however lots of errors in yours.

If $20 = 100% then $40 = 200%. Are you with me here, or have I lost you yet? I am going to go with larger numbers this time, so please try to keep up, and use a claculator if you are confused.
If $20 = 100% then $200= 1,000%. I know those were some pretty large numbers and I hope you were able to keep up. Prepare yourself for the really big numbers this time.
If $20 = 100% then $2,000 =10,000%. There, now you know how to calculate percentages. Feel free to post mounds of garbage using false data and GIGO methodolgy if you want though.
P.S.> Do you work for the criminals who are stealing the value from our currency, or do you have a serious case of Stockholm Syndrom and stick up for them because of that?

Inflation is an annual figure only, so stop making nonsense. A 100x more expensive currency, on a 50 years time, means an (annual) inflation of 100^(1/50)=1,096. So, 9,6% of annual inflation

Quote:

Originally Posted by nsilva

Someone should tell TPU that a trillion is 13 digits...

As far as I'm concerned, a billion is 13 digits...and a trillion 25. Just because the US uses the figures in a random pattern doesn't mean its right Edited by prava - 2/16/12 at 6:56am

The definition of inflation is the percent increase on an annual basis. If gold increases 10,000% over 100 years, that's not 10,000% inflation. If I put money in the bank now and get 8% interest on it, it'll double in perhaps 10 years - that doesn't mean it's 200% inflation when it doubles.
From Investopedia:

Quote:

Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase

Read more: http://www.investopedia.com/university/inflation/inflation1.asp#ixzz1mUIbJgdt
So lets take 8500% increase over 80 years. Plug that into my witchcraft calculator and tell me what the inflation rate for that is.
Hint: Sometime increasing 85-fold over 80 years would be 100% inflation if it didn't compound. But, it compounds, and as such, it's actually under 6% inflation. I'll use the barbaric ballpark method, maybe you'll be more convinced. http://www.wolframalpha.com/input/?i=1.06^85 6% inflation over 85 years would lead to a 141-fold (14,100%) increase, over those 85 years. Still 6% inflation.

There are no errors in my math. There are however lots of errors in your reasoning. I am 100% certain that 2,000 is 10,000% of 20.

In mathematics, a percentage is a way of expressing a number, especially a ratio, as a fraction of 100. The word is derived from the Latin per centum meaning “by the hundred”.[1] It is often denoted using the percent sign, “%”, or the abbreviation “pct.” For example, 45% (read as “forty-five percent”) is equal to 45/100, or 0.45. A related system which expresses a number as a fraction of 1000 uses the terms "per mil" and "millage".

$20=100% This is the starting point of the Dollar to Gold value ratio expressed as a percentage.

If $20 = 100% then $40 = 200%. 2x20=40 and 2x100=200 Are you with me here, or have I lost you yet? I am going to go with larger numbers this time, so please try to keep up, and please feel free to use a calculator.

If $20 = 100% then $200= 1,000%. 10x20=200 and 10x100=1,000. I know those were some pretty large numbers and I hope you were able to keep up. Prepare yourself for the really big numbers this time.

If $20 = 100% then $2,000 =10,000%. 100x20=2,000 and 100x100 is 10,000. There, now you know how to calculate percentages up to 100x or 10,000%. Feel free to post mounds of garbage using false data and GIGO methodolgy if you want though.

I guarantee you with 100% certainty that my math was and still is correct and no matter how loud you cry and stamp your feet this will not change.

In 1932 you could buy 1 ounce of Gold for $20. After the de-coupleng of the dollar from gold in 1933, gold shot up to $40 within a few years. This is 100% inflation. Today that exact same ounce of Gold will cost you at least $1,730. The price has been inflated ~8,500%. At $2,000 per ounce, which is likely to happen this year, this inflation rate will be 10,000%. I never mentioned yearly inflation rates, compound inflation rates, or any of the other garbage you are referring to and I have no idea why you are pretending that I did. I specifically mentioned the overall inflation amount and nothing else, and my figures are all completely correct.

I dare you to take less than 8,500% of $20 ($1,700) to any Coin shop or Bullion dealer today and try to purchase one once of Gold. It isn't going to happen. And, as I clearly stated, Gold is very likely to hit $2,000 this year, which was the example I used because the math is extremely simple.

P.S.> Do you work for the criminals who are stealing the value from our currency?Edited by Jagged_Steel - 2/16/12 at 7:51am

The latter legend was incorporated into a Daily Mail article about [Alan] Turing that I was reading.

Quote:

[...] just two weeks before his 42nd birthday, the softly-spoken genius killed himself by taking a bite out of an apple that he had dipped in cyanide.
Some believe his bizarre death is commemorated to this day in the logo used by Apple on its electronic goods—so significant was his contribution to the genesis of the computer.

Quote:

I bought a bunch of apples, put them in a bowl and drew them for a week or so to simplify the shape. The bite is about scale and the common experience of biting into an apple. It was a happy accident that ‘byte’ is a computer term, and there’s no truth to ‘biting from the fruit of knowledge’ symbolism myths!

nto a multicolored apple with a bite taken out off its right side, better known as the “rainbow apple”. This was done to commemorate the discoveries of gravity (the apple) and the separation of light (the colors) done by Isaac Newton and possibly to tribute the ‘fruit of the Tree of Knowledge’ in Adam and Eve’s story.

Sadly, the evidence now points in a more prosaic direction. In a 2009 interview with CreativeBits, Rob Janoff (see source no. 2), the man who drew the logo, reflected on the theories about his work. He dismisses Sir Isaac or the Bible as source material and, while he says he is charmed by the links with the Turing story, he says he was unaware of them at the time.

I think the issue is the 30% profit, it's the way it's earned, it's SICK. It's a sweatshop on a grand scale, but it's Apple, and Apple makes cool stuff. OF COURSE other companies do this as well, but NONE are anywhere near close to Apple in terms of success.
I have a problem with Apple being THIS successful while literally producing it's stuff in conditions that are so horrible suicide nets were erected around the facility, that people are forced to sign contracts that say they wont commit suicide. That they get forced into working 80 hours a week.

I'm not defending Apple's (well, Foxconn's labor conditions and treatment of employees), but really, how many countries have been decimated and lives lost over oil? We're talking people who have been brutally slaughtered so that politicians and the big corporate oil companies could make millions/billions of dollars.

The suicide nets wasn't because of horrible working conditions. They were put up because people were killing themselves to make their families wealthy (relatively speaking). Their suicide gave their families more money than they could ever earn, so, off they went. It had nothing to do with the actual working conditions (which is actually above Chinese standards). The reason the contracts came into play is because of the suicides, because of the payout. Now Foxconn won't pay out for suicide.

Don't be mad at Apple, be mad at the Chinese government for allowing such working conditions.

In mathematics, a percentage is a way of expressing a number, especially a ratio, as a fraction of 100. The word is derived from the Latin per centum meaning “by the hundred”.[1] It is often denoted using the percent sign, “%”, or the abbreviation “pct.” For example, 45% (read as “forty-five percent”) is equal to 45/100, or 0.45. A related system which expresses a number as a fraction of 1000 uses the terms "per mil" and "millage".

$20=100% This is the starting point of the Dollar to Gold value ratio expressed as a percentage.

If $20 = 100% then $40 = 200%. 2x20=40 and 2x100=200 Are you with me here, or have I lost you yet? I am going to go with larger numbers this time, so please try to keep up, and please feel free to use a calculator.
If $20 = 100% then $200= 1,000%. 10x20=200 and 10x100=1,000. I know those were some pretty large numbers and I hope you were able to keep up. Prepare yourself for the really big numbers this time.
If $20 = 100% then $2,000 =10,000%. 100x20=2,000 and 100x100 is 10,000. There, now you know how to calculate percentages up to 100x or 10,000%. Feel free to post mounds of garbage using false data and GIGO methodolgy if you want though.
I guarantee you with 100% certainty that my math was and still is correct and no matter how loud you cry and stamp your feet this will not change.
In 1932 you could buy 1 ounce of Gold for $20. After the de-coupleng of the dollar from gold in 1933, gold shot up to $40 within a few years. This is 100% inflation. Today that exact same ounce of Gold will cost you at least $1,730. The price has been inflated ~8,500%. At $2,000 per ounce, which is likely to happen this year, this inflation rate will be 10,000%. I never mentioned yearly inflation rates, compound inflation rates, or any of the other garbage you are referring to and I have no idea why you are pretending that I did. I specifically mentioned the overall inflation amount and nothing else, and my figures are all completely correct.
I dare you to take less than 8,500% of $20 ($1,700) to any Coin shop or Bullion dealer today and try to purchase one once of Gold. It isn't going to happen. And, as I clearly stated, Gold is very likely to hit $2,000 this year, which was the example I used because the math is extremely simple.
P.S.> Do you work for the criminals who are stealing the value from our currency?

Inflation is defined on an annual basis, this is an intellectual discussion, let's stick to the actual definitions of terms. The APR on a mortgage or car payment is Annual Percentage Rate. If you have a 30-year mortgage, that doesn't mean you paid a 200% interest rate. The total interest paid is probably 200% the value of the house, but you're 1. not paying 200% the value of the house on a yearly basis and 2. Not paying 200% interest - you'd be paying $30,000 a month on a $120,000 mortgage if that was the case. Please please please, try to stick with proper definitions of terms when making an argument.

You act like 8500% INCREASE IN VALUE is such a shock over 80 years. That's about 10% INFLATION.

Do you want to see something interesting? Look at Apple's stock chart since inception. https://www.google.com/finance?client=ob&q=NASDAQ:AAPL . Now, Apple's stock price was $5 in 1998. Now it's over $500. That is a 100-times increase, a 10,000% INCREASE in price. On an annual basis, it's only a 38% growth, you could consider it like 38% interest rate. Let's put aside the semantics, would you rather own a stock for 14 years and 100-times increase your money, or hold onto gold for 80 years to 85-times increase your money?

Anyways, I do agree that the dollar is getting devalued. Don't get me started on the stock market, dollars getting devalued etc. I think we probably have similar opinions (you hate the big bankers that take corporate welfare, right?)